Mosaic Potash to cut 185 jobs

Updated: 07/25/2014 6:35 PM | Created: 07/25/2014 6:22 PM
By: Lauren Hansard, KOB Eyewitness News 4

Nearly 200 people in Carlsbad will be without a job at the end of this year. A potash mine is downsizing. 

Starting next year, Mosaic Potash will cut back on 30% of its production. Along with it, 185 jobs.

“We’re not happy we’re losing jobs," said John Waters, Executive Director for Carlsbad Department of Development.

Waters says these jobs were good ones.

“The average salaries in the potash industry are very well paying jobs, they're in the 70’s and above” said Waters.

He says Mosaic Potash currently has 600 employees, but by the start of next year, they will have 415.

“It’s a big portion of the work force out there, so you know it's something that we are concerned about," said Waters.

The reason for the cut back is a mineral called muriate of potash. It’s no longer in demand, but there is a silver lining. The overall economy in Carlsbad is still booming. There are currently over 800 job openings, and Carlsbad has the fastest growing population in New Mexico.

“So, it is significant, we do not want to lose one of those people out of Carlsbad.  We want them all to stay here, if they want to work, we want to find them a place to work," said Waters.

Employees are being offered an early retirement package.

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